If you want landlords to walk through your door, the first thing you have to do is grab their attention. Once you have
their attention, the next step is the most difficult, you have to be interesting and build up that interest to a point they want to come and talk to you .. because you are so interesting (not because they want to give you any business .. that comes later)
There is nothing more interesting than if you talk about the local property market .... here are some examples I have used in the past. Now places like Sleaford, Stamford and Melton Mowbray are all boring litlle towns in the East Midlands, but what if you changed the places for areas around you... remember, a landlord in Uxbridge only cares about Uxbridge property, a landlord in Kingston upon Thames only cares about KuT and Southampton about Southampton... there arent many landlords who buy in every county .. they tend to buy in one place ....
oh by the way, dont dismiss these articles ...they more than tripled market appraisals in nine months .... from a consistent 6 rental appraisals per month to a consistent 15 to 18 market appraisals per month at one office, and another office went from a consistent 4 per month to consistent 14 per month...
oh by the way, dont dismiss these articles ...they more than tripled market appraisals in nine months .... from a consistent 6 rental appraisals per month to a consistent 15 to 18 market appraisals per month at one office, and another office went from a consistent 4 per month to consistent 14 per month...
Should you be investing in Melton
Mowbray or Sleaford when it comes to property?
Both towns are similar in size
and, taking into account the surrounding villages, have similar average
property values. The
average property value in Melton Mowbray is £164,000 and in Sleaford is
£161,300, whilst the average rents are also similar at £683 per month in Melton
Mowbray and £675 per month in Sleaford . This gives both towns an almost
identical average yield of 5%. I have done a little research to compare the two
seemingly similar towns in more depth.
Investing
in property is all about what you buy the property for. You make your money
with your buying value, rather than your eventual sale value. Over the last
four years, property values in Melton Mowbray have increased by 3%. This is
great for those that have already bought a property in the town. When I looked
at the property values in Sleaford over this time, I found they have dropped by
nearly 1.5%. This means, if you are considering buying now, Sleaford would be
the better town to invest in. If you would like our opinion on what to buy,
feel free to come into our office
How affordable is Sleaford property?
A landlord came in to our office earlier this week to discuss the affordability of property in Sleaford , with the current national market property market being in recovery with increasing house prices. The best advice I can give to those looking to invest in property is our secret trick of the trade. You can judge the affordability of a town by simply finding the ratio of the average property price to the average salary. The lower the ratio, the more affordable property is.
When we put this to the test, we found that Sleaford currently has an average property value of around £127,000 with the average salary being £18,510. This is a respectable ratio of 1 to 6.9. Meanwhile in Melton Mowbray the ratio of property values to salary is 1 to 7.9, which suggests the property in the town is 14% less affordable than in Sleaford . We also had a look at Stamford and found the average salary is £25,120 and the average property value is £209,100. This means that property in Stamford is a rather significant 20% less affordable than Sleaford, with a ratio of 1 to 8.3.
This could mean that now is a brilliant time to invest in Sleaford's property market, while the average value of property is low compared to the average salary. If you would like to talk to us about your potential investment, please come into our office .
If anyone wanted to pick my brain further on these, please either pick up the phone or contact me via my Linkedin profile (top right hand corner of the screen)